The NYSE expands material news and trading halt policies

Description

Abstract: Recently, the New York Stock Exchange (NYSE) amended its Listed Company Manual to expand the hours during which listed companies must provide advance notice to the NYSE before disseminating “material news.” Material news generally is understood to mean news that’s likely to cause stock price volatility. The updated manual provides guidance on the release of material news after trading closes, and methods for releasing material news. This article covers pretrading material news, and the circumstances under which the NYSE has the authority to halt trading and when, among other items.